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home / news releases / glu mobile stolen by electronic arts but don t expec

GLUU - Glu Mobile: Stolen By Electronic Arts But Don't Expect A Higher Bid

Glu Mobile Inc.
  • EA agrees to acquire Glu Mobile for $12.50 per share in cash.
  • The deal offers a 36% premium to the prior closing price of $9.19, but the valuation multiple is below where competitor Zynga trades.
  • A higher bid is probably unlikely, so investors should take the cash and move on.

For further details see:

Glu Mobile: Stolen By Electronic Arts, But Don't Expect A Higher Bid
Stock Information
Company Name: Glu Mobile Inc.
Stock Symbol: GLUU
Market: NASDAQ
Website: glu.com
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